This article surveys the rare cases in which the IRS unsuccessfully challenged a taxpayer's method of accounting as not clearly reflecting income. Taken together, these cases shed light on when tax accounting methods may reflect income just clearly enough to pass judicial muster

Accountants, and to a lesser extent also (tax) lawyers, have been arguing for decades now on the content and practical consequences of the True and Fair View Principle. This papers tries to demonstrate that: i) True and Fair View is nothing different from what lawyers already know under...